Brazil unable to produce rare earth magnets before 2032

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At the Exposibram mining congress in Belo Horizonte, Andre Luis Pimenta de Faria of the Senai pilot plant stated that Brazil would be unable to produce rare earth magnets from domestic raw materials until at least 2032 or 2035. While initial production using imported inputs could potentially begin by late 2028, the country currently lacks the necessary electrolytic iron and process technology required for independent manufacturing. Pablo Cesario, chief executive of the Brazilian Mining Institute, noted that the industry faces an average 17.2-year gap between the discovery of proven reserves and the commencement of production.

Consequences

The delay in establishing a domestic supply chain ensures that China will maintain its near-monopoly on rare earth magnet technology for the foreseeable future. Brazil will remain dependent on foreign processed ore and imported technological inputs as it attempts to bridge the infrastructure gap between its raw material exports and finished magnet production.

Sources

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